Beijing Stock Exchange could be an alternative to SPAC listings by innovative Chinese tech companies, trade group says

A new stock exchange slated for Beijing could be a potential alternative for emerging Chinese tech companies that may consider going public through Special Purpose Acquisition Companies (SPACs), especially as China is monitoring listings more closely. overseas in the sector, according to an influential trade group and market watchers. Unveiled …

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Cobo Comes to Polygon, Bringing DeFi to Institutional Investors

Cobo customers can now access the benefits of Polygon with seamless access to the best DeFi and Dapps platforms [DUBAI] Polygon, an Ethereum scaling platform that integrates millions into Web 3.0, today announces Cobo Custody, Asia’s leading custodian service provider, and Cobo Wallet, a centralized management platform of crypto and …

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Fitch Downgrades China Evergrande, Sees “Likely” Default

By Andrew Galbraith (Reuters) -Fitch Ratings lowered the ratings of China Evergrande Group and two of its subsidiaries on Wednesday, the latest in a series of downgrades targeting the real estate company amid concerns over its ability to restructure its massive debts. Regulators have warned that Evergrande’s liabilities of 1.97 …

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Internet giants catch fire in Korean echo of Chinese crackdown

(Bloomberg) – Kakao Corp. and Naver Corp. fell, set to record the biggest declines in years, after South Korean lawmakers warned the country’s internet giants against abusing their dominant market position in search of profits. Kakao, which runs Korea’s largest messaging and social media service, plunged more than 11%, on …

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